Created in 2017, Delaware Prosperity Partnership (DPP) is the nonprofit state economic development agency that leads Delaware’s economic development efforts to attract, grow and retain businesses; build a stronger entrepreneurial and innovation ecosystem; and to support private employers in identifying, recruiting and developing talent in Delaware. The DPP team’s services include working with prospects to review potential sites, cost-of-living details and funding opportunities, including available tax credits and incentives. View DPP’s latest annual report, Partnership, Prosperity & Progress: Year in Review 2022, for a summary of the DPP team’s accomplishments during 2022.
As the statewide resource for Delaware’s economic development efforts, DPP works with economic development partners throughout the state to provide the very best opportunities for business engagement and recruitment. DPP’s Board of Directors represents a cross section of Delaware’s business leaders in the private and public sector. Together with our Board, our economic development partners and our investors, we are well-equipped to ensure Delaware supports business and remains globally competitive.
Coordinating Delaware’s economic development programs and strategy is the cornerstone of what we do. Our agency is the trusted resource for businesses looking to locate or grow in Delaware.
Our core operating principles include being transformational, forward looking, metrics driven and transparent.
DPP is dedicated to four key elements of economic development:
The DPP team is often the first point of contact for site selection consultants, commercial real estate professionals and executives: Our no-charge services include:
Promoting the benefits of establishing, expanding, and relocating businesses in Delaware is at the heart of our mission. Our targeted business development efforts focus on Delaware’s primary industry clusters. From informing businesses of available tax incentives and financing, to building awareness of Delaware as a destination for investment among site selection consultants and real estate brokers, our goal is making sure businesses see there no better place to be than Delaware.
Attracting new businesses to our state provides many benefits to the Delaware economy and to Delaware residents. Businesses large and small, from industrial and commercial, provide many jobs with good wages and benefits, invest in buildings and equipment, and purchase local goods and services. This helps the greater Delaware economy and community. We also aim to attract a variety of businesses in the major growth sectors that flourish in the Delaware business climate.
Bringing new business to Delaware is an important priority, but that is just one facet of our mission. When businesses choose Delaware, we continue our efforts to grow and retain those companies. That could include state grants or loan programs to help finance expansion or training programs to ensure access to a skilled labor pool. When we work with an enterprise, large or small, national or local, we identify custom solutions that fit their needs.
Our partners in economic development extend beyond the business community. We work with multiple local and state agencies as well. Coordinating with these agencies is crucial to ensuring proper state economic development. We work with our three counties as well as dozens of municipalities and chambers of commerce, to create and refine our state economic development programs.
On January 18, 2017, Governor John Carney signed his first executive order, creating the Delaware Economic Development Working Group. The group explored the idea of a public-private partnership between the Delaware Economic Development office and Delaware’s business community. The findings of the working group provided compelling evidence that a public-private partnership would be beneficial in restructuring Delaware’s economic development efforts. In August 2017, Governor Carney signed House Bill 226, establishing the Delaware Prosperity Partnership.
As the lead economic development agency for Delaware, DPP supports enterprises and people in every stage of their business evolution. Just check out some of our success stories to learn about some of the most notable and innovative companies flourishing in Delaware’s world-class business climate.
Whether you represent a large or small business, DPP is ready and available to assist you every step of the way. We encourage you to explore more about Delaware Prosperity Partnership and discover how our economic development agency can support you and your business.
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